UK rail firm's parent seeks bankruptcy protection in US

The parent company of London-to-Scotland rail firm GNER today filed for Chapter 11 bankruptcy protection in the United States.

Mon, 16 Oct, 2006 - 09:36

The parent company of London-to-Scotland rail firm GNER today filed for Chapter 11 bankruptcy protection in the United States.

Sea Containers, the passenger and freight transport business, said it was unable to pay a $115m (€92m) bond which had been due yesterday.

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CourtsBusinessHeathrowPlace: UKPlace: USPlace: LondonPlace: United StatesOrganisation: GNEROrganisation: Sea ContainersOrganisation: New York Stock ExchangeOrganisation: East Coast Main Line
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